32C-2-206. Stocks and bonds.
Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to stocks and bonds authorizes the agent to do all of the following:
(1) Buy, sell, and exchange stocks and bonds.
(2) Establish, continue, modify, or terminate an account with respect to stocks and bonds.
(3) Pledge stocks and bonds as security for the principal or any entity in which the principal has an ownership interest to borrow money, or to pay, renew, or extend the time of payment of (i) a debt of the principal, (ii) a debt guaranteed by the principal, (iii) a debt of any entity in which the principal has an ownership interest, or (iv) a debt guaranteed by any entity in which the principal has an ownership interest.
(4) Receive certificates and other evidences of ownership with respect to stocks and bonds.
(5) Exercise voting rights with respect to stocks and bonds in person or by proxy, enter into voting trusts, and consent to limitations on the right to vote. (2017-153, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 32C - North Carolina Uniform Power of Attorney Act
§ 32C-2-201 - Authority requiring specific grant; grant of general authority.
§ 32C-2-202 - Incorporation of authority.
§ 32C-2-203 - Construction of authority, generally.
§ 32C-2-205 - Tangible personal property.
§ 32C-2-206 - Stocks and bonds.
§ 32C-2-207 - Commodities and options.
§ 32C-2-208 - Banks and other financial institutions.
§ 32C-2-209 - Operation of entity.
§ 32C-2-210 - Insurance and annuities.
§ 32C-2-211 - Estates, trusts, and other beneficial interests.
§ 32C-2-212 - Claims and litigation.
§ 32C-2-213 - Personal and family maintenance.
§ 32C-2-214 - Benefits from governmental programs or civil or military service.
§ 32C-2-215 - Retirement plans.
§ 32C-2-217 - Gifts authorized by general authority.